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Archive for October, 2009

Flipping a Single Bathroom Home

It is my experience to stay away from single bathroom homes. This would really apply to any first time house flippers. You don’t want you first time to stall or worse, lose money. Of course if the price is right you can resale any thing.

In today’s market , there are so many homes for a buyer to choose from. If your pricing homes per square foot, you can’t compete with other same square foot home that have two bathrooms. Unless you can rice the home way below average, your better off finding something else to flip.

Of course if you insist, adding a bathroom to a home that has only one would be highly recommended. If at all possible add a bathroom where ever you can. A… Read More

House Flipping Recycling Tip

Recycle all your metals and useful fixtures. Not only is it good for the environment, but even better, it pays.

I’m writing this posts just after coming back from the recycling plant. I took a truck load of old window frames, copper plumbing parts, stainless sinks, and old wiring. I cashed in on $600 worth of junk. It just makes may day every time I vist that place and they hand over a wod of cash for scrap that would have other wise been thrown away.

I flip at least one house a month and I save everything. I have a large back yard where I just empty out the back of my truck into a pile off in the corner. When the pile gets to… Read More

Buying Foreclosures

Today the Real Estate market has taken a turn for the worse. The market is poor and rates are at an all time high making it very difficult to buy or invest comfortably into a home. Buying a foreclosure home may be the right route for you.

Buying foreclosure homes have many benefits including buying foreclosure homes that are twenty, thirty, or maybe forty percent below market value. Saving thousands of dollars is a benefit that is highly appreciated by both home buyers and investors. Though buying foreclosure homes can be a worthy investment, it may not be for everyone. A Buyer or Investor of foreclosure homes should be educated about the market or ready to conduct the research necessary. To aid in your success there are… Read More

Basics of Flipping Real Estate

Investments in real estate have always been a fairly safe way to invest your money. Recently there has been an increase in people buying real estate solely for the purpose of improving the home and then turning around and reselling the home hopefully at a profit. This type of investing in real estate however is not nearly as safe and depending on the outcome could bring a great profit, little profit or put your bank account in the red.

Due to the popularity of buying, improving and reselling real estate in recent years there is even a slang term, which refers to this practice called “Flipping”. Flipping is used due to the fact that you are buying a home improving on in some ways and selling it… Read More

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